Shell Nigeria cuts oil exports after maintenance is done on the Bonga vessel
Shell Nigeria Exploration and Production Company announced on Sunday that it has started planned maintenance on its Bonga oil vessel. This'move' will temporarily reduce 'Nigeria’s oil export capacity by 225,000 barrels a day, but could prolong the asset's life. The Bonga Floating Production, Storage and Offloading Unit, Nigeria's First Deepwater?Project, is located 120 km off shore in water depths of over?1,000 meters. It can produce up to 150 millions standard?cubic foot of gas each day. Ronald Adams, SNEPCo's Managing Director…
Kazakhstan's main export pipeline returns to full capacity after mooring points repaired - CPC
The Caspian Pipeline Consortium, Kazakhstan's main oil export pipeline, returned to full capacity on Sunday at its terminalon the Russian Black Sea Coast after maintenance was completed at one mooring point and a tanker loaded with crude. Kazakhstan, the 12th largest oil producer in the world, has been facing a number of challenges in recent months. These include an attack by a Ukrainian drone on the Caspian Pipeline Consortium (CPC) in late November, which caused the pipeline to pump at below capacity, and a shutdown in production earlier this month at the vast Tengiz field.
Kazakhstan CPC Oil Exports Struggle After Tengiz Field Shutdown
Kazakhstan's CPC oil exports could remain restricted even as extensive maintenance on its primary oil export route wraps up, sources said on Wednesday, with force majeure declared at the country's largest oilfield, Tengiz, following a fire.The CPC terminal, which handles about 1.5% of global oil supply and 80% of Kazakhstan's crude exports, has been operating below capacity since mid-November.Maintenance work on Single Point Mooring-3 (SPM-3) at CPC's Russian Black Sea terminal is in its final stages, CPC said on Wednesday.SPM-3 could resume loadings as early as Friday, following two months of repairs, according to trading sources.
Indonesia will increase palm oil export tax if it abandons its plan to introduce B50 Biodiesel in this year.
Indonesia has scrapped plans to introduce a mandatory B50 palm oil-based fuel this year, and will instead stick with B40 due to "funding and technical concerns", government officials announced on Wednesday. This eases concerns about strains on palm oil supplies globally. Indonesia had planned to launch B50, a blend of palm oil-based 50% biodiesel with 50% conventional diesel in the second half this year. The B40 blend, which is 40% palm oil-based, will continue to be the standard. Biodiesel mandates in Indonesia…
Indonesia will increase palm oil export tax if it abandons its plan to introduce B50 Biodiesel in this year.
Yuliot Tajung, the deputy energy minister, said that Indonesia had scrapped plans to raise the mandatory biodiesel mix to 50% in 2019. Instead, it will maintain the current blend of 40% palm oil based fuel and 60% diesel. Indonesian energy minister had previously planned to implement the 50-50 mixture of palm oil-based diesel and fuel in the second half of this year to reduce the country's dependency on imported diesel. Eniya. Listiani. Dewi, an official with the energy ministry, told reporters that the decision was made to maintain B40 fuels this year as the government reviewed the timeline needed to complete the trials of B50,.
Minister: Indonesian B50 Biodiesel launch is subject to crude oil and CPO prices
A senior official stated on Tuesday that the timing of Indonesia's B50 biodiesel mandate - which blends 50% palm oil with diesel - will be subject to the difference in price between crude oil & crude palm oil. Indonesia, which is the largest palm oil producer in the world, had previously set the goal to "start the B50 mandate" by the second half 2026. The current mandate is 40% blend. The palm oil export levies are used to subsidise the country's biodiesel program. The amount of the'subsidy' depends on the difference in crude oil prices and crude palm oil. The president has instructed that B40 will be maintained this year.
Malaysian palm oil set to gain weekly on rival oils with Indonesia levied plan
Malaysian palm oils futures were up for a third session on Friday, and they are expected to rise weekly. This is due to the strength of rival edible oils on the Dalian and Chicago Exchanges as well as Indonesia's plans to increase its palm oil export tax. By midday, the benchmark March palm oil contract on the Bursa Derivatives Exchange had gained 35 ringgit or 0.87% to 4,078 Ringgit ($1,003.94) per metric ton. This week, the contract has gained 2.18%. Anilkumar Bagani is the commodity research director at Mumbai-based Sunvin Group.
Sources say that Chevron Vitol Trafigura are all competing to control Venezuelan oil imports.
Sources familiar with the situation say that Chevron, Vitol, Trafigura and other companies are competing to get deals from the U.S. Government to export crude oil from Venezuela. Venezuelan officials are trying to control oil sales in the United States. This competition is a reflection of the desire for many oil companies to gain access to Venezuela's crude oil stocks and production. Donald Trump, the U.S. president, has demanded Venezuela grant the United States access to the oil sector. This comes just days after the U.S. seized the South American nation's President Nicolas Maduro. U.S.
VEGOILS - Palm rises again for a second meeting on Indonesia's plan to raise the levy
The price of Malaysian palm oils futures increased for the second session in a row on Thursday. This was largely due to Indonesia's plans to increase?palm export levies, but pressure from rising stock expectations?limited gains. The benchmark palm-oil contract for March delivery on the Bursa Malaysia Derivatives exchange gained 9 ringgit or 0.22% to 4,042 Ringgit ($995.57) a metric ton as of closing. Eniya Dewi, an official from the energy ministry, told reporters that Indonesia would likely increase its palm-oil export levy in order to support biodiesel production, citing a lack of funds.
Indonesia considers increasing the palm oil export tax to support biodiesel mandate
Eniya?Listiani Dewi, an official in the energy ministry, told reporters on Thursday that Indonesia would likely increase its palm?oil export levy to help support biodiesel production. She cited tightening finances. Indonesia, as the largest palm oil exporter, has introduced a 40% biodiesel blend that is mandatory. This blend is known as B40 and it's the highest blending ratio in the world. It aims to increase the blend by 50% later this year. The biodiesel program in Indonesia is subsidized by the proceeds of palm oil export levies. These are set at 10% and range between 4.75% to 9.5%.
Palm gives up early gains on stock rise expectations
The price of Malaysian palm oils futures was little changed on Thursday, despite the early gains. This is because expectations for rising stocks were countered by stronger edible oils from rival companies and a weaker Malaysian ringgit. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for March delivery had fallen 1 ringgit or 0.02% to 4,032 Ringgit ($992.86) per metric ton. The market expects a lower decline in December production, which could push Malaysia’s inventories over?3million tons. This would erase earlier gains on a weaker Dalian vegetable oil and a weaker Ringgit.
Palm oil exports disappoint, and the start of 2026 is a weak one for palm oil. Production will be the focus.
Malaysian palm futures declined and recorded a weekly 'drop' on Friday, the first trading session in '2026. Traders digested slow export data from cargo surveyors, and awaited production figures for December to provide further guidance. The benchmark March palm oil contract on the Bursa Derivatives exchange fell 1.48% at closing to 3,990 Ringgit ($984.70). The price fell by 2.42% in a week. Malaysian palm oil product exports in December fell between 5.2% to 5.8% on a month-on-month basis, according to reports released by cargo surveyor Intertek Testing Services & inspection company AmSpec Agri Malaysia.
Palm oil closes at its lowest level in six months amid concerns about rising stocks and weaker competitor oils
Malaysian palm oil futures fell on Tuesday for the third straight session, due to weaker competitor oils and worries about rising stocks in light of softer exports. The benchmark March palm oil contract on Bursa Derivatives Exchange fell 52 ringgit or 1.3% to $3,961 ringgit (US$969.88) per metric ton. This was its lowest closing rate since June 13. Anilkumar bagani, the commodity research director at Sunvin Group in Mumbai, said that crude palm oil futures had been trading lower due to the overall weakness of?the global market for vegetable oils.
Palm extends its losses due to concerns about rising stocks and weaker competitors oils
Malaysian palm oils futures fell on Tuesday, for the?third session in a row. They were pressured by lower rival oils as well as?concerns about rising stocks due to a drop in exports. At midday, the benchmark palm 'oil 'contract for March delivery at Bursa Malaysia derivatives Exchange fell 27 ringgit or 0.67% to $3,986 Ringgit ($976.96). Anilkumar bagani, the commodity research director at Sunvin Group in Mumbai, said that crude palm oil futures had been trading lower due to overall weakness on global vegetable oil markets.
VEGOILS - Palm rises for fourth time on concerns about output, but weak exports cap gains
Malaysian palm futures rose for a fourth consecutive session on Monday. The gains were capped by weak export data, and the Chicago soyoil prices. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery had gained 5 ringgit (0.12%) to $4,119 ringgit (US$996) per metric ton. The contract had reached its highest level since November 21 earlier in the session. Indonesia, Malaysia and Thailand were devastated by a tropical storm that formed in the Malacca Strait and caused heavy rains and strong winds for more than a week.
Abu Dhabi Oil and Gas Group plans to invest $150 billion in 2026-2030
ADNOC, the state-owned oil company of Abu Dhabi, announced on Monday that it plans to invest $150 billion between 2026 and 2030 in order to maintain current operations, grow and meet global demand for energy. The board of directors of the company welcomed its increased oil reserves, which now total 120 billion stock-tank barrels (stb), compared to 113 billion stb. It also noted that natural gas reserves had increased from 290 trillion standard cubic foot (scf) to 297 trillion scf. The Emirati oil company has attracted new global partners for unconventional exploration concessions in order to accelerate development…
Almost a Third of Russian Seaborne Oil Export Potential is Stuck in Tankers
Around 1.4 million barrels per day of Russian oil, or almost a third of the country's seaborne exporting potential, remain in tankers as unloading slows due to U.S. sanctions against Rosneft and Lukoil, JPMorgan said on Thursday.The U.S.
Yanchang Seeks Non-Russian Oil in Tender
Chinese refiner Yanchang Petroleum is seeking non-Russian oil in its latest crude tender, trade sources told Reuters on Tuesday, while others said Sinopec subsidiary Luoyang Petrochemical has shut for maintenance as an indirect result of Western sanctions.China's state oil companies and some Indian refiners are avoiding buying Russian oil due to concerns about falling foul of secondary sanctions after recent western sanctions on Russian oil shipments, including last month's U.S. measures.China and India are Russia's top oil export markets.Yanchang…
EIA: US crude inventories drop sharply after net imports reach record lows
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles declined sharply as net imports plunged to a new record low, while exports jumped to a nearly two-year high. The EIA reported that gasoline inventories declined unexpectedly during the week ending September 12 while distillate stocks rose more than expected. The EIA reported that crude stocks dropped by 9.3 millions barrels to 415.4 million last week, as opposed to the analysts' expectation in a poll of a draw of 857,000 barrels. U.S. crude oil exports increased by 2.53 millions barrels per day to 5.28million bpd. This is the highest level of U.S.
Sentinel Midstream’s deepwater oil export project is granted an air permit by the EPA
On Monday, the U.S. Environmental regulator announced that it had granted an air permit to Sentinel Midstream for its proposed deepwater oil project off Texas' coast. According to a press release, the Environmental Protection Agency has issued a permit under the Clean Air Act that permits the use of auxiliary vessels to control volatile organic compounds at the proposed Texas GulfLink deepwater terminal. U.S. president Donald Trump wants to see projects approved faster, especially those that boost the U.S. oil and gas industry. This permit will bring Sentinel closer to making a final investment.